Education & News
Ripple's lawsuit woes continue to present obstacles to the digital currency firm as its CEO gets accused of selling 67,000,000 XRP while promoting the asset. Sues for Selling XRP and False Statements The action is said to arise out of a scheme by the defendants to
Education & News
Microsoft reveals the details of its cryptocurrency patent called, “Cryptocurrency System Using Body Activity Data”. Microsoft will be creating a cryptocurrency that does not depend on ASICs miners. Microsoft Cryptocurrency Patent Reveals New Mining Convention The innovation has been applauded for its potential to save significant amounts of energy as
Blockchain
The European Commission (EC) is launching a new initiative offering grants to blockchain professionals and other specialists for solutions required in the development of civil and defense applications. According to its published tender, the EC through its European Defense Industrial Development Program (EDIDP) is calling on small-to-medium enterprises (SMEs) to
Blockchain
The Malaysian Palm Oil Council (MPOC) in partnership with blockchain firm BloomBloc, have developed a blockchain app to enable users trace palm oil throughout its entire supply chain. According to reports, the blockchain-based system is ready for roll out to local palm oil growers and plantation owners following its successful
Education & News
In a recently released biannual report, Tezos Foundation reveals that it sold 8,000 Bitcoin in 2019. The news comes barely a year after it raised $400 million from an initial coin offering. Report Reveals Foundation Sold Bitcoin In July 2019, Tezos Foundation had $397.7 million in bitcoin. In
Blockchain
Tether mints millions of dollars worth of USDT, pushing the total supplied over the past three months to $627 million. Approximately $180 million worth of USDT was minted over 48 hours. Tether Mints 60,000,000 USDT For the second day in a row 60,000,000 USDT has been
Africa
The South African Presidential Commission on the Fourth Industrial Revolution has expressed belief that blockchain technology and Artificial Intelligence could help reduce unemployment and foster development in the country. Speaking at the recent Blockchain Africa Conference in Johannesburg, Commissioner Mpho Dagada said the nation could experience important economic benefits through
Bitcoin
Following heightened volatility risks, MakerDao governance approves the use of USD Coin (USDC) stablecoin as collateral in the Maker Protocol. The deicsion was made with the purpose of reducing liquidity risks. MakerDao Approves USDC Stablecoin as Risks Loom According to a blog post by MakerDao on the matter, “Prior to
Education & News
Billionaire and Bitcoin proponent, Tim Draper asserts that Bitcoin (not banks or governments) will be the solution once the world bounces back from the coronavirus period. Bitcoin in a Coronavirus Period Heightened fears over coronavirus have led to drainage of investments from different markets. Last week, the stock market experienced
Blockchain
Toyota Motor Corp. along with its subsidiary Toyota Financial Services Corporation, has unveiled its Toyota Blockchain Laboratory focused on exploring the future of the automotive industry. Initially established in April 2019, the Blockchain Lab comprises of six Toyota Group companies which have been quietly testing the potential uses of blockchain
Africa
Co-founder of Microsoft Corporation, Bill Gates will leave the company's board as announced in a press release. The Billionaire businessman now 64 years old, launched Microsoft in 1975 alongside Paul Allen and has seen the company through great success over the years. Following his departure, Gates will now
Blockchain
Libertarian candidate for the U.S 2020 Presidential Elections - Adam Kokesh has expressed interest to develop a sovereign cryptocurrency named once elected. Kokesh made the announcement at a ceremony where he appointed Alastair Caithness as his chief blockchain policy adviser. Adding that the new role will focus on development